CRYPTO TRADE OPPORTUNITIES

BITCOIN - BTC/USD

If they manage to do that, it will signal that the selling pressure is reducing. The BTC/USD pair may then attempt a rally to the resistance line of the descending channel pattern.

If the price turns down from the resistance line, it will suggest that the pair may spend some more time inside the channel. Alternatively, a break above the channel will indicate the end of the corrective phase.

The bears repeatedly tried to sink Bitcoin below the critical support of $25,000 in the past few days but the bulls held their ground. This shows strong buying near $25,000, making it an important level to watch out for in the near term.

Buyers will try to start a recovery by pushing the price above the 20-day exponential moving average (EMA).

ETHEREUM - ETH/USD

On the downside, the bulls are expected to fiercely defend the $25,000 support because a break below it may accelerate selling. The pair could first drop to the support line of the channel but if this level fails to hold, the pair may plunge to the psychologically important level of $20,000.

Previous Analysis...

the bears pulled the price back into the wedge on June 10. The 20-day EMA has started to turn down and the relative strength index (RSI) is in the negative territory, indicating that the bears have the upper hand.

The important level to watch on the downside is $1,700. If this level cracks, the selling may intensify and the ETH/USD pair could sink to $1,370. This level is again likely to act as a strong support. Alternatively, if the price bounces off the current level and breaks above the moving averages, it will suggest that the selling pressure is reducing. The pair may then rise to $1,928.

Buyers pushed Ether above the falling wedge pattern on May 28 but they could not build upon the breakout. This shows that demand dries up at higher levels.

After staying above the wedge for several days,

A break and close above this level will indicate the start of a sustained recovery. The pair may then rally to $2,000 and later to $2,143.

Previous Analysis...

After staying inside the descending channel pattern for several days, Binance Coin plummeted below the channel on June 5. That started a downward spiral which yanked the price down to the vital support at $220.

The vertical fall has sent the RSI deep into the oversold zone, indicating that the selling may have been overdone in the near term. The BNB/USD pair may start a bounce, which could reach the 38.2% Fibonacci retracement level of $252.

If the price turns down from this level, it will suggest that the bears continue to sell on minor rallies. That will increase the likelihood of a break below $220. The next support on the downside is $200.

Alternatively, if buyers drive the price above $252, the pair could reach the 20-day EMA. This level is likely to act as a major hurdle but if bulls overcome it, the pair may soar to the 50-day simple moving average (SMA).

Previous Analysis...

The bulls will have to overcome the $0.56 to $0.59 resistance zone to start the next leg of the up-move. The XRP/USD pair could then surge to $0.65 and later to $0.80.

Another possibility is that the price turns down from the overhead zone. In that case, the pair may consolidate between the 20-day EMA and $0.59 for a few days.

The first sign of weakness will be a break and close below the 20-day EMA. Such a move will suggest that the short-term bulls have given up and are booking profits.

XRP is one of the few major cryptocurrencies that is still trading above its 20-day EMA. The bears tried to start a correction on June 10 but the bulls aggressively purchased the drop to the 50-day SMA.

That will increase the possibility of a drop to the 50-day SMA. A break below this level could clear the path for a potential fall to $0.41.

Previous Analysis...

The aggressive selling of the past few days has sent the RSI into deeply oversold territory, indicating that a recovery may be around the corner. The long tail on the June 10 candlestick shows that the bulls are defending the level with vigor. The ADA/USD pair could start a relief rally, which could reach the 20-day EMA.

If the price turns down from this level, the bears will again try to sink and sustain the pair below $0.24. If they can pull it off, the pair may plunge toward $0.20.

Cardano broke below the ascending channel pattern on June 5, invalidating the bullish setup. That started a downward spiral which tugged the price below the strong support near $0.24 on June 10.

On the other hand, a break and close above the 20-day EMA will suggest that the bears are losing their grip. The pair may first rise to the 50-day SMA and subsequently to $0.39.

Previous Analysis...

The internet, as we know it, is undergoing a seismic shift. And no, we’re not talking about the latest meme coin that’s got the crypto Twitter verse all aflutter. We’re talking about something far more fundamental – blockchain domains.

Imagine a world where your online identity, your digital assets, and your very presence on the web are as immutable and secure as a Bitcoin transaction. That’s the promise of blockchain domains. And for investors, traders, and even your average Joe surfing the web, this could be the next big internet revolution.

What’s in a (Domain) Name?

In the traditional web (or Web 2.0), domain names are the real estate of the internet. They’re the digital addresses where businesses set up shop, where influencers build their empires, and where the world goes to find information. But these domain names have a central authority, a middleman if you will, that controls and manages these digital properties.

Enter blockchain domains. These are not your grandpa’s domain names. Blockchain domains are decentralized, meaning no central authority controls them. They’re also censorship-resistant and can provide a level of privacy and security not seen in traditional domains.

But the real kicker? Blockchain domains are also assets on the blockchain, meaning they can be bought, sold, and traded just like your favourite cryptos.

The Blockchain Domain Gold Rush

Just like the early days of the internet, where savvy investors snapped up domain names hoping they’d increase in value, we’re seeing a similar trend with blockchain domains. Major brands are already getting in on the action.

According to a Forbes article, an anonymous buyer placed a bid of $1 million for the ENS Domain “Amazon.eth”. This bid came soon after both “Samsung.eth” and “Starbucks.eth” sold for 60 ETH (~$90,0000).

But it’s not just the big brands that are seeing the potential. According to AIMultiple, the “.eth” domain has more than 1.4 million names registered. And it’s not just about owning a piece of the new internet. Blockchain domains have some serious use cases that could revolutionize how we interact online.

Blockchain Domains: More Than Just a Name

Blockchain domains are not just about owning a piece of the new internet. They have some serious use cases that could revolutionize how we interact online.

1. Simplified Crypto Transactions

Ever tried to memorize or manually type in a crypto wallet address? It’s like trying to type in the exact number of grains of sand on a beach. Blockchain domains simplify this process by replacing the long, complex wallet address with a simple, memorable domain name.

2. Decentralized Websites

Blockchain domains allow for the creation of websites that are completely decentralized. These websites are stored on the blockchain and are resistant to censorship. This could be a game changer for freedom of speech and information on the internet.

3. Digital Identity

Blockchain domains can serve as your digital identity. This could be used across various decentralized applications (dApps), making it easier to manage your online presence across multiple platforms.

4. Ownership and Control

Unlike traditional domains, which you lease from a domain registrar, blockchain domains are truly owned by the person or entity that purchased them. This means they can’t be taken away from you, providing a level of security and control not seen in traditional domains.

The Future of the Internet?

So,areblockchaindomainsthefutureoftheinternet? It’s still early days, but the potential is there. With their ability to simplify crypto transactions, create decentralized websites, serve as a digital identity, and provide true ownership and control, blockchain domains could very well be the next big thing in the crypto space.

And for investors and traders, the opportunity is clear. Just like the early days of the internet, where savvy investors snapped up domain names hoping they’d increase in value, we’re seeing a similar trend with blockchain domains.

But remember, with great potential comes great risk. As with any investment, do your own research and never invest more than you can afford to lose. And as always, in the wild world of crypto, keep your private keys safe.

So, are you ready to join the new internet revolution? Grab your digital pickaxe and let’s start mining those blockchain domains!

In the next article, we’ll dive deeper into the world of blockchain domains. We’ll look at the major players in the space, including Ethereum Name Service (ENS) and Unstoppable Domains, and how they’re shaping the future of the internet. Stay tuned, crypto comrades!

Alright, crypto comrades let’s dive deeper into the world of blockchain domains. In our previous article, we introduced the concept of blockchain domains and how they’re revolutionizing the internet. Now, we’re going to take a closer look at three major players in this space: Unstoppable Domains, Ethereum Name Service (ENS), and Bitcoin Name System (BNS). Buckle up, because we’re about to embark on a journey into the decentralized web!

Ethereum Name Service (ENS)

First up, we’ve got ENS, the Ethereum blockchain’s answer to the old-school DNS. It’s like the OG of blockchain domain services, offering a secure and decentralized way to address resources both on and off the blockchain using simple, human-readable names. ENS has gained significant traction in the crypto community due to its integration with various Ethereum-based applications. But remember, with great power comes great gas fees. So, keep that in mind when venturing into the ENS territory.

ENS operates similarly to the internet’s traditional Domain Name System (DNS), but with the added benefits of blockchain technology: decentralization, security, and immutability. It allows users to assign their complex Ethereum addresses to a simple, easy-to-remember domain name (like ‘yourname. eth’).

ENS also supports ‘subdomains,’ which can be used to create a hierarchy under the main domain. This feature can be particularly useful for organizations that want to establish a clear structure for their resources or services.

Unstoppable Domains

Next, we venture into the land of Unstoppable Domains. Built on the Ethereum and Polygon blockchains, Unstoppable Domains aims to simplify crypto transactions and build un-censorable websites. The unique selling point of Unstoppable Domains is its one-time payment for blockchain domain ownership, with no renewal fees. It’s like buying a house with no property taxes. Sounds pretty sweet, right? But remember, while userfriendly, Unstoppable Domains is still a relatively new player and lacks the widespread adoption of ENS.

Unstoppable Domains also allows for the creation of decentralized websites. This means that your site can’t be taken down or censored by anyone. Plus, these domains can also be used as a payment gateway for cryptocurrencies, simplifying the process of receiving payments.

Bitcoin Name System (BNS)

Last but not least, we arrive at BNS, also known as .btc. BNS is a user-owned, blockchain-powered version of Web 2.0’s DNS. It is the driving engine for .btc, a decentralized Web3 domain name system secured on the Bitcoin blockchain and registered by

Stacks, a Bitcoin layer. BNS is Bitcoin-based, offering auniquevaluepropositionforBitcoinenthusiastsand users. But remember, while leveraging the security and popularity of Bitcoin, BNS is also relatively new and has yet to see widespread adoption.

BNS names are organized into a global name hierarchy. There are three different layers in this hierarchy related to naming: namespaces, BNS names, and BNS subdomains. Namespaces are the top-level names in the hierarchy, BNS names are names whose records are stored directly on the blockchain, and BNS subdomains are names whose records are stored off-chain.

Investment Opportunities

All the services mentioned offer unique investment opportunities. Owning a blockchain domain is like owning a piece of digital real estate. As the crypto space grows, these domains could become increasingly valuable.

For example, sex.crypto, a domain on Unstoppable Domains, was reportedly sold for $90,000. Similarly, domains on BNS could become highly sought after as more people start using the Stacks blockchain.

However, it’s important to note that investing in blockchain domains is not without risk. The value of these domains is highly speculative and could fluctuate significantly. As with any investment, it’s crucial to do your own research and understand what you’re investing in.

ENS, Unstoppable Domains and BNS offer innovative solutions to the problem of complex wallet addresses. They both have their unique features and benefits, and choosing between them largely depends on your individual needs and preferences.

Conclusion

So, there you have it, crypto comrades – a whirlwind tour of the major players in the blockchain domain space. Whether you’re an Ethereum enthusiast, a Bitcoin believer, or just a curious crypto newbie, there’s a blockchain domain service out there for you.

In our next article, we’ll explore how blockchain domains are catalysing the transition from Web 2.0 to a decentralized and user-centric Web 3.0. We’ll delve into the potential impacts of this shift and what it could mean for the future of the internet. So, keep those HODLing hands strong, and stay tuned for more blockchain domain adventures!